and a whole lot more…

$NSC saw consistent
pricing in 1Q17 with a year ago and the company is confident that it can drive
good revenue complementing its network at low incremental cost. $NSC is
continuing to see pressure in the trucking environment and is getting some
significant competitive rate increases in its expert coal franchise.

$NSC's BoD appointed Fredric Ehlers as chief information officer, effective immediately. In this new role, Ehlers will continue serving as VP information technology, a position he has held since 2013. Ehlers, based in Atlanta, also will continue reporting to Cynthia Earhart, EVP finance and CFO, who previously served as CIO.

$NSC's BoD has authorized the repurchase of an additional 50MM shares of its common stock through Dec. 31, 2022. Since the inception of the program in 2006, the total number of shares repurchased rose from 175MM to 225MM.

$NSC announced the pricing of its offers to certain eligible holders to exchange outstanding debt securities for cash and up to $750MM aggregate principal amount of its new notes due 2052. It will pay interest on the new notes at a rate per annum equal to 4.050%, and an aggregate of $9.6MM cash consideration, including accrued and unpaid interest.

$NSC plans to consolidate its Central Division headquarters operations in Knoxville into three surrounding divisions, effective on or about Nov. 1, 2017. Dispatching responsibilities will be divided among operating divisions headquartered in Birmingham, Ala., Decatur, Ill., and Fort Wayne, Ind. This will affect about 50 employees.

$NSC stated that on the
potential track reduction opportunities, the company is not seeing large pieces
of the network coming out from a line standpoint. The company has got a network
reach which is good for its customers. Consequently, one won't see big chunks
of the railroad coming out, but cost will come out.

$NSC saw consistent
pricing in 1Q17 with a year ago and the company is confident that it can drive
good revenue complementing its network at low incremental cost. $NSC is
continuing to see pressure in the trucking environment and is getting some
significant competitive rate increases in its expert coal franchise.

$NSC said EVP and CFO Marta Stewart intends to retire effective Aug. 1, 2017. $NSC has initiated a comprehensive search to identify its next CFO and will consider both internal and external candidates with the assistance of an executive search firm.

Railroad operator $NSC reported a 12% jump in its 1Q17 earnings to $433MM from $387MM during 1Q16, mainly due to 7% rise in income from railway operations, as well as a lower effective income tax rate. Diluted EPS rose 15% YoY to $1.48 from $1.29. Railway operating revenues rose 6% YoY to $2.6Bil.

$NSC opened a new locomotive maintenance and repair facility in Chicago to enhance operational efficiency for trains moving through the nation’s largest rail hub. The company’s $9.5MM investment expands $NSC's locomotive repair capabilities in the Chicago region.

During 4Q16, $NSC’s merchandise revenue was affected by the ongoing
decline of crude oil volumes. Overall revenue per unit declined 3% in 4Q16 as
positive pricing was offset by mix associated with increased intermodal and
decreased coal volume. Revenue per unit, excluding fuel, increased for both
merchandise and intermodal.

$NSC said that it has planned to invest $1.9Bil in 2017 to maintain the safety of its rail network, enhance service, improve operational efficiency, and support growth opportunities, which is consistent with the total capital investment of $1.9Bil in 2016.